Press release
Pressure Reducing Valve Market Size 2019 - Huge Growth Opportunities & Expansion till 2026 | Top Players Eaton, WATTS Industries, KSB, Parker, Singer Valve, Apollo Valves
Pressure Reducing Valve
Rise in demand from the oil & gas industry, surge in industrial processes, increase in number of industrial infrastructures, and upsurge in need for automation in the process industries propel the growth of the global pressure reducing valve market. On the other hand, competition from domestic manufacturers and rise in prices of raw materials curtail down the growth to some extent. However, investments in oil & gas industry from emerging economies are anticipated to create an array of opportunities in the near future.
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The pressure reducing valve as the name indicates reduces the input pressure of gas or fluid to the desired value in various industrial applications. It is also known as pressure regulator. The simple structure of pressure reducing valve includes adjusting screw, pressure plate, diaphragm, spring cage, and others. In addition, these valves are economical, consume less space, and lightweight as compared to other valves.
Asia-Pacific is expected to be the leading contributor to the global market, followed by Europe and North America. Based on type, the pilot operated segment accounted for the highest global pressure reducing valve market share in 2018 and direct acting is expected to witness significant growth during the forecast period, owing to the its installation in the oil and gas industry.
In terms of end-user, the oil and gas segment has secured the highest share in the pressure reducing valve market in 2018, and chemical is expected to witness growth at a CAGR of 5.6% during the forecast period owing to technical innovations, and increase in emphasis on the chemical and water & waste water system sectors, which is expected to provide lucrative growth opportunities to market players in developing economies.
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Based on geography, the Asia-Pacific region accounted for more than one-third of the global pressure reducing valve market revenue in 2018, and is projected to maintain its top status by 2026. At the same time, the region would also showcase the fastest CAGR of 5.6% throughout the estimated period. This is due to emerging countries such as China and India are facing the need to diversify and increase their energy sources. However, North America held the third largest share in 2018.
The key players profiled in the report include Apollo Valves, Eaton, Honeywell International Inc., KSB, Parker, Reliance Worldwide Corp. Ltd., Singer Valve, Spirax-Sarco Engineering plc, TALIS Management Holding GmbH, and WATTS Industries.
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Key Offerings of the Report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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